For All Those Nights on the Town: Citi ThankYou Preferred Credit Card

By Jason Steele. Last updated 31 August 2017. 0 comments

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Do you want to earn credit card rewards, but don't want to pay an annual fee? If so, you are not alone. While some users benefit from higher rates of rewards and extra benefits, others don't spend enough to justify the annual cost. The Citi ThankYou® Preferred Card from our partner Citi earns double points on dining and entertainment purchases, with no annual fee.

Why We Like This Card

  • ThankYou rewards program
  • Lots of reward redemption options

How This Card Works

Cardholders earn double points on dining out and entertainment and one point on all other purchases. You can redeem 2,500 ThankYou Points for $25 in gift cards, electronics, and other rewards when you redeem at thankyou.com. There is no expiration and no limit to the amount of points you can earn with this card. 

Other Benefits

Travel and purchase protections. This card comes with a variety of travel insurance and purchase protection benefits including trip cancellation and trip interruption coverage, an extended warranty policy, and purchase protection against theft or damage.

Citi Private Pass. Citi's Private Pass gives special access to purchase VIP packages, presale tickets, dining experiences, and more.

Citi Price Rewind. This card also includes Citi's Price Rewind program, which will automatically issue a refund when a covered purchase experiences a price drop within 60 days.

Costs

  • $0 Annual Fee
  • 14.49% - 24.49% Variable APR (0% intro APR for 15 months from account opening for purchases and balance transfers for 15 months from the date of the first transfer)
  • 3% Balance Transfer Fee ($5 minimum)
  • 3% Foreign Transaction Fee

 

Pros

Entertainment rewards. It's rare for credit cards to offer rewards on entertainment purchases. For some, this is a big expense and this card offers generous points for those purchases.

ThankYou program. Citi's ThankYou program is very easy to use, and cardholders have many different ways to redeem their points. They can make reservations through Citi's travel agent on most airlines and with most major hotel chains and rental car companies. In addition, it features a strong selection of gift cards from major retailers and popular merchandise. The points are even redeemable for charitable donations or even cash.

Lucrative offers and benefits. This card offers a strong promotional financing offer and a competitive slate of benefits, considering that it has no annual fee.

Cons

No point transfer options. Some rewards credit cards have travel partners that allow points transfer to various hotel and airline loyalty programs. It offers another way to use up points. With this card, you can only redeem for cash, gift cards, or merchandise. (See also: 5 Best Credit Cards That Transfer Points to Miles)

Foreign transaction fee. This fee makes the card not good for travel abroad. (See also: Best Credit Cards with No Foreign Transaction Fees)

Who This Card Is Best For

This is an ideal card for those who will use their card frequently for dining and entertainment expenses. By offering double points in a strong rewards program, Citi's ThankYou Preferred card becomes a compelling product in a crowded field.

Click here to apply for the Citi ThankYou® Preferred Card today!


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